FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.

We are 3 sessions into the beta phase rally of the cycle following the short-term cycle low (STCL) on October 16. An extended beta phase rally that moves above the last beta high (BH) at 86.81 would reconfirm the current bullish translation and favor additional short-term strength. Alternatively, a quick reversal followed by an extended beta phase decline that moves well below the last STCL at 85.04 would signal the likely transition to a bearish translation. The window during which the next STCL is likely to occur is from November 10 to November 24, with our best estimate being in the November 11 to November 17 range.

Last STCL: October 16, 2014

Cycle Duration: 11 sessions

Cycle Translation: Bullish

Next STCL Window: November 10 to November 24; best estimate in the November 11 to November 17 range.

Setup Status: No active setups.

Trigger Status: No pending triggers.

Signal Status: No active signals.

Stop Level: None active.

Short-term Outlook

Bullish Scenario: A close above current levels would reconfirm the uptrend from May and forecast additional gains.

Bearish Scenario: A reversal and close below the recent short-term low at 85 would predict a move down to uptrend support near 84.25.

No feedback yet

Econintersect Investing Blog

The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.

Keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet